BetFred SA offers fixed odds on all South African meetings, and a variety of International meetings. 

Open bets are offered on all South African race meetings and various International race meetings.

Ante Post Bets:

·  Except for starting price bets, should any selection not run for any reason other than the abandonment of the race itself then an ante-post bet shall be lost, the customer shall forfeit his stake OR ante-post bets struck on other horses/contestants in the race concerned shall not be subject to any adjustment in betting odds.

· Where a race is abandoned, all ante-post selections that are still live or undetermined involving the race concerned, shall become void.

· Should a selected horse/contestant in any leg of a multiple event bet be scratched, withdrawn, or not accepted prior to the bet becoming void or being won, the bet shall be regarded as lost, notwithstanding the fact that any included race is abandoned.

Horse Racing Limits:

Single Bet / 1st Timer	R 10 000.00
Any Other incl. 1st Timer	R 10 000.00
Single Bet	R 20 000.00
Double	R 30 000.00
Treble	R 50 000.00
4 Legs or more	R 100 000.00

 

· The above limits are subject to change and Betfred SA reserves the right to not accept any bet at the sole discretion of the company.

·  System bets, for example Patents, Yankees, Canadians, Goliaths, Heinz’s etc), or any other combination bets, have a maximum total win payout of R250 000.00 (two hundred and fifty thousand rands only) irrespective of the different combinations or stake. A max win of R50.000 (fifty thousand rand) on places on the above bet types and combination.

· Individual limits and specific centre limits can be managed separately at the sole discretion of the company.

Please Note:

· Call in bets will not receive stretches, the price on offer is the price you receive.

· Winnings will be subject to 6% betting tax regardless of fixed odds.

Related Bets:

· All related bets placed will be split where the outcomes clash and be declared single bets with the stake divided by however many legs are related.

Betting Tax:

· All bets that include Horse Racing will be subject to 6% betting tax. All multiples including any horse racing leg will be taxed at 6%.

Late Bets & Errors:

· All bets placed after a race has jumped will be refunded.

· Pricing Errors will be rectified and paid at the correct market price at the time of the bet placed.

Betting With a Run:

· Where a single bet is made “with a run” and the selected horse/contestant is scratched the bet shall become void.

· All bets struck “with a run” on the remaining horses/contestants in a race where one or more horses/contestants have been scratched, shall be subject to the deductions detailed in “deductions”.

· Where a deduction applies to remaining runners in any event of a multiple event bet “with a run”, the relevant deduction in terms of rule “Deductions” shall be applied to the runner/contestants of the event where the scratching occurred, and the entire bet recalculated in respect of the event from which the horse was scratched.

· Any bets “with a run” struck after the official announcement of the withdrawal of one or more horses/contestants shall not be subject to any deduction, unless there is a further withdrawal or withdrawals.

· Where a race is abandoned, all selections “with a run” on the race concerned shall become void.

· In starting price multiple bets “with a run”, winnings on winning bets shall be calculated and paid at the official starting prices, subject to the provisions of the starting price rule.

Postponed races:

· Where a race advertised to be run on a certain date is postponed to any future date then:

1. All ante post bets on such race shall stand.

2. Within 24 hours after the original advertised date at the same venue, all bets “with a run” shall stand.

3. More than 24 hours after its initial scheduling, the race shall be deemed to have been abandoned for betting purposes, and bets “with a run” shall be treated as described in rule “Betting “with a run””.

Change of venue or track:

· Where the venue of a race or track is changed from that originally advertised, the race shall be deemed to have been abandoned and such bets shall be treated as described in rule “Postponed races” mutatis mutandis.

Deductions:      

Odds of Withdrawn	Horse Deduction Percentage
20 or BIGGER	0%
13 –  19.99	5%
9 –  12.99	10%
6 –   8.99	15%
4 –   5.99	20%
3 –   3.99	25%
2.2 –  2.99	30%
1.6 –  2.19	35%
1.3 –  1.59	40%
1.1 –  1.29	45%
1.0 –  1.09	50%
0.8 –  0.99	55%
0.6 –  0.79	60%
0.5 –  0.59	65%
0.4 –  0.49	70%
0.01 –0.39	80%

 

· Where a horse/contestant is withdrawn before or after coming under starter’s orders, all fixed odds bets on that horse/contestant shall be void, and all bets struck as fixed odds on the remaining horses/contestants on the day of the race or “with a run” shall be subject to deduction calculated in accordance with the following table

· Any bets struck “with a run” after the official announcement of the withdrawal of one of or more horses/contestants shall not be subject to any adjustment unless there are further withdrawals.

· Should two horses/contestants be withdrawn simultaneously, and both are subject to a deduction on any winning bets, the deduction s shall be applied separately and not simultaneously.

· Deductions shall not apply to starting price bets unless a late withdrawal(s) occurs.

Starting prices and tote odds:

· In starting price bets, the starting price shall be the last official fixed price disseminated either from the racetrack or recognised dissemination facility, as displayed on the betting board indicator at the start of the event.

· In the event of a late withdrawal where no new betting is displayed before the start of a race, the starting price shall be the last price displayed, subject to the adjustment reflected in the deduction table.

· Unless otherwise stipulated in the form of limits, any bet placed at tote odds shall be settled in accordance with tote dividends. The bookmaker can however pay more than the official tote dividend, subject to this being agreed to at the time the bet is struck.

· In starting price bets and open bets, any limits to actual dividends, odds and payouts which apply, shall be prominently displayed, and be made available at all times by the bookmaker.

Place Only Betting:

· Betfred may offer fixed odds place betting on various races.  The number of places offered are listed below.

Fixed Places:

Number of carded runners:	Places Paid:
3 or Less Carded Runners	No Places
4 to 6 Carded Runners	2 Places
7 to 13 Carded Runners	3 Places
14 or More Carded Runners	4 Places

Table revised on 01/07/2019.

Fixed Odds Places:

· In a field of 3 runners or less no place bets will be accepted, all bets placed will null and void.

· In the event of a dead heat in the places, normal dead heat rules will apply.

· In the event a scratching reduces a field to 3 runners or less all place bets will be refunded.

· In the event that late scratching’s reduced the number of runners and deductions are declared, the bets will stand as taken subject to the relevant deductions in that race.

· If no deduction is declared the places will be determined by the above table.

Betting Without:

· Dead-heat rules apply. Where we offer prices on an event without a nominated selection(s), for settlement purposes the finishing position of the ‘without’ selection(s) will be ignored.

· In the event of a non-runner(s) a deduction will be applied based on the price (in the specified ‘without’ market) of the non-runner at the time of withdrawal. In the case of a non-runner(s) leaving only one quoted runner in a ‘without’ market, then bets will be void.

· Where there are no finishers in a race, excluding the ‘without’ selections then all bets will be void.

Dead-Heats:

· Should two horses/selections dead-heat then the stake money will be halved.  Half the stake money will be lost, and the full odds will be paid out on the other half of the stake.  If more than two horses dead-heat, the stake will be proportionately adjusted and the above rule will apply.

Withdrawals Other Than Ante-Post:

· Where a horse is withdrawn before coming under starter's orders, or is officially deemed by the starter to have taken no part in the race, then stakes will be returned on the withdrawn horse and winning bets will be returned on the withdrawn horse and winning bets will be subject to deductions

Top Jockey/Trainer During a Season:

· Settlement will be based on the officially declared result.

Related bets:

· Where applicable, any related bet taken will have the stake divided where the legs clash. 

SP Bets:

· All SP bets have a maximum pay-out of R100 000.00 (one hundred thousand rands).  Should the pay-out exceed this amount, then your bet will be adjusted to the maximum winnings of R100 000.00.

Odds vs Evens:

· Please note that we may offer odds vs evens in selected races. These bets are limited to a maximum win of R1000.00 per customer/household/group/codeshare or syndicate, per selection, per day. No multiples are allowed on odds vs evens. Should the customer place a multiple bet then the entire bet will be voided and not just the leg. The total win of any bet with an odds or evens leg in it is R1 000.00. Any bet over the value of the stated R1 000.00 will be void by us. Betfred reserves the right to limit the total pay-out of any/all such bets to the maximum that a single customer can win on that selection as per these market rules. Bets will be settled once the official all clear is given. If a race meeting is re-scheduled or there is a track change then all bets will be void. 

Head to Heads:

· Please note that we may offer head to heads (one horse vs another) in selected races. All horses must come under starters orders or bets are void. These bets are limited to a maximum win of R3000.00 per customer/household/group/codeshare or syndicate, per selection, per day. No multiple bets are allowed on head-to-head bets. Should the customer place a multiple bet then the entire bet will be voided and not just the leg. The total win of any bet with a head-to-head leg in it is R3 000.00. Any bet over the value of the stated R3 000.00 will be void by us. Betfred reserves the right to limit the total pay-out of any/all such bets to the maximum that a single customer can win on that selection as per these market rules. Bets will be settled once the official all clear is given. If a race meeting is re-scheduled or there is a track change then all bets will be void.  Should the result be a Dead Heat, then all bets will be void.

Same Horse Multiple/Double Deduction:

· When two of the same horses are on one multiple/double your bet will incur a deduction of 33%. For example, this can happen if you take See It Again to win the Summer Cup and to win the Cape Met a 33% deduction will be applied.

Betfred Tote Pool Open Bets Terms and Conditions:

· Further to the general betting rules and terms and conditions of Betfred South Africa, all Tote Pool/Open bets placed with Betfred, either online or in retail, are placed subject to the following terms and conditions.

· Subject to Betfred limits as detailed within these rules, dividends and payouts on Tote Pool/Open bets are determined by the official dividend declared by Saftote. It is hereby acknowledged that Betfred is not a tote.

· In the event of Betfred having winning tickets due exceeding the Nett Tote Pool (as declared by Saftote), bets (payouts and stakes) on different accounts and different combinations will be adjusted accordingly and shared between all customers as to never exceed the Nett Tote Pool.

· All bets are struck to a R1 (one rand) unit and payouts are determined by multiplying the Rand value staked by the declared dividend. Any dividend declared otherwise will be adjusted to pay to a R1 (one rand) unit.

· The calculation of the tote dividend, results, rules and conditions of horseracing are subject to Saftote rules and conditions. Betfred is in no way liable for an error or false declaration by Saftote and may take whatever steps are necessary to correct any errors or false declarations, conditional that such steps do not cause financial loss to Betfred.

· All payouts are subject to the limits table below, however all Tote Pool/Open bet payouts are subject to a maximum payout equal to that of the Nett Saftote tote pool.

· Should a customer exceed the tote stake limits, or the number of times played (times taken) as per the table below, all payouts will be adjusted/reduced to comply with the limits as outlined below.

By placing a retail or online Tote Pool/Open bet with Betfred, you acknowledge that you are aware that Betfred reserves the right to amend or revoke any bets with the same combinations, played multiple times should they have reason to believe that the applicable bets originated from, or were taken on behalf of the same customer, group/syndicate of customers as may be determined by Betfred at their sole discretion, without providing any reason whatsoever. Betfred reserves the right to limit the total winnings payable in respect hereof to the Nett Tote Pool.

By placing a Tote Pool/Open bet with Betfred, you accept that these are fixed odds bets offered by Betfred and do not form part of the national totalisator pools. Betfred reserves the right to lay-off, in part or in full, any such bets into the national totalisator pools at the sole discretion of the company.

· Betfred reserves the right to limit a dividend or payout as per the table below. Further to this, all Tote Pool/Open bets are subject to a maximum payout limit equal to the Nett Tote Pool (Calculated as the Gross Tote Pool as declared by Saftote, less the Totalisator deductions).

Note:

· If Saftote adds a carryover amount to a selected tote pool, or in any way incentivises or artificially inflates the size of any tote pool, the Betfred dividend will be calculated in terms of the main pool (the pool generated by customer bets on that pool, excluding the carryover amount, or amount seeded into the pool).

· In the event of a fractional exotic Tote Pool/Open bet, in that the bet is placed for less than the full cost of the bet (defined as the number of combinations selected times the unit stake), then the limits outlined below will be adjusted to the same pro-rata percentage as the fractional bet stake of the full cost of the bet.

Bet Type	Max Times Taken	Max Total Payout
Win	20,000	R150,000
Place	20,000	R75,000
Swinger	10,000	R250,000
Trifecta	1,000	R250,000
Quartet	500	R1,000,000
Exacta	2,000	R500,000
Double	2,000	R500,000
Jackpot	1,000	R1,000,000
BiPot	500	R500,000
Pick 6	50	R5,000,000
Place Accumulator	1,000	R1,000,000

Open Win and Open Place Limits:

· Irrespective of the value of the pool, Betfred reserves the right to limit the odds that are payable on the payout of an open win and/or open place bet to a maximum variance of 50% (fifty percent) from the starting price of the horse

· The payout amount will always be the lessor amount calculated from the payout multiplied by the times taken (or fraction thereof), the nett pool value (or pro rata portion thereof), the max payout limit (or pro rata portion thereof).

Carry-Overs:

South African Racing Events:
· These events can be defined as any horse race or horse racing related events, that are staged or take place inside the geographical borders of South Africa 

· Should there be no winning tickets, then a carryover will be declared. However, should Betfred have laid a bet/bets on the winning combination/s, then Betfred will divide the Nett Tote Pool by the number of winning combinations and declare a payout amount for each bet  

· Subject to Betfred’s Tote Pool/Open bet payout limits, these total payouts, when combined, will never exceed the total Nett South African Tote Pool (Saftote). The maximum that all Betfred winning customers can win, shall be limited to the lesser of the Nett Tote Pool or the Betfred total payout limit  

Example:

· If the Pick 6 pool is R750 000.00 Nett, and the carryover is R250 000.00, and Betfred have 5 winning tickets, then the applicable Betfred max total payout will be R750 000.00 which will be divided by 5 combinations and a maximum payout of R150 000.00 will be declared on each winning combination. Note that Betfred’s total payout limits will override this payout should the payout exceed the maximum payout permitted in terms of these limits.

International Racing Events:

· These events can be defined as any horse race or horse racing related events, that are staged or take place outside of the geographical borders of South Africa. In the event of a partial pool carryover (There is a winning tote ticket for only part of the Nett Pool and only a portion of the Nett Pool is carried over), these total payouts, when combined, will never exceed the total amount paid out as dividends to tote customers with winning tickets on the SA Tote Pool (Saftote). The maximum that all Betfred winning customers can win, shall be limited to the lesser of the total payouts made by the SA Tote or the Betfred total payout limit. In the event of a full pool carryover (there are no partial or fractional winners and 100% of the pool is carried over) and no payout is declared, then all bets will be void and refunded.

Partial Carryover Example:

· If the Pick 6 pool is R750 000.00 Nett, and the carryover is R250 000.00, and Betfred have 5 winning tickets, then the applicable Betfred max total payout will be R500 000.00 which will be divided by 5 combinations and a maximum payout of R100 000.00 will be declared on each winning combination. Note that Betfred’s total payout limits will override this payout should the payout exceed the maximum payout permitted in terms of these limits.